Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Future minimum annual lease payments

Future minimum annual lease payments for all operating leases of the Company are as follows as of March 31, 2023 (in thousands):

Remainder of 2023	$	3,739
2024		5,039
2025		5,024
2026		5,085
2027		5,127
Thereafter		13,080
Total undiscounted lease payments		37,094
Less: imputed interest		(6,391	)
Operating lease liabilities		30,703
Less: current portion of operating lease liabilities		(4,796	)
Operating lease liabilities, less current portion	$	25,907

Summary of Weighted-Average Remaining Lease Term and Discount Rate

The Company’s weighted average remaining lease term and weighted average discount rate as of March 31, 2023 and December 31, 2022 are as follows:

	March 31, 2023			December 31, 2022
Weighted-average remaining lease term (years)		7.3			7.7
Weighted-average discount rate		5.5	%		5.5	%

Summary of Operating Leases

Information related to the Company’s operating leases is as follows (in thousands):

	Three Months Ended March 31,
	2023		2022
Rent expense	$	1,244	$	1,156
Cash paid for amounts included in measurement of lease liabilities	$	4,366	$	1,022